5,915 ft²Multifamily / Other$2,399,900Sale
5,915 ft²
Multifamily / Other
$2,399,900
Sale
Zareh Group - eXp Commercial
Zareh Group -eXp Commercial
Discover a rare gem in Regina's vibrant rental market: the Albert Street Properties Inc. Portfolio, a well-maintained collection of residential apartments and commercial spaces spanning prime addresses on Albert Street . As of September 2025, this income-producing asset delivers a projected cap rate of 7.1% with low vacancy and built-in growth through annual escalations and quick-fill residential units. With heat and water included for residents (tenants cover electricity), operational costs are streamlined, making this an ideal hold for passive income or value-add investors. Recent updates include plumbing, boiler, and roof replacement, ensuring minimal capex and reliable performance. This 19-unit residential complex paired with 5 high-traffic commercial spaces benefits from long-term leases (3-5 years, signed 2023-2025) that anchor stability, while the central location—steps from downtown amenities, the University of Regina, transit, and shopping—drives consistent demand in Regina's appreciating market. 𝑳𝑰𝑺𝑻𝑬𝑫 𝑩𝒀: Zareh Group - eXp Commercial Shaheen Zareh, REALTOR® 306-596-1470 [email protected]
The Space
Asking Price$2,399,900
Available Space5,915 ft²
Property UseInvestment property / Mixed use / Multi family
MLS® IDSK022299
SourceDirect
The Building
Property TypeMultifamily / Other
Lot Size9,619 ft²
Up to $500K for Saskatchewan businesses
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